The Safecracker is in your little banks, cracking your safes. That is, Tim “The Safecracker” Geithner has apparently greenlighted the stampede of smaller banks that heretofore have unfairly been unable to avail themselves of sufficient government scrutiny and micromanagement. The changes will allow smaller institutions significant access to performance excuses and shareholder sympathy come quarterly report time and provide significant political cover for dismal results and the departure of senior talent that was edging out the door already.
Banks with assets of less than $500 million will be able to apply for capital injections from the Treasury’s financial rescue package, Treasury Secretary Timothy Geithner told a gathering of community bankers on Wednesday. Treasury has roughly $109.6 billion in funds left in its bank bailout package. However, Geithner said he expects to use funds repaid from large investment banks, in part, to pay for the new capital injections for smaller public and private community banks.
Asked about the prospects of TARP involvement, one regional bank CEO quipped “Why should regulatory uncertainty, contempt of Congress and political risk be just for the big guys in New York?”
Geithner: Small banks can apply for TARP funds [Marketwatch]
He looks constipated
“Why should regulatory uncertainty, contempt of Congress and political risk be just for the big guys in New York?”
Solution: Don’t take the money and STFU.
Yeehaw!!!!
Now that they can use the TARP, can my community bank use TALF to lever up and securitize my mobile home loan? how bout ma loan for the good ol’ El Camino and ma shotgun!
Not so much constipation as just a lot of misdirected sexual tension. Does he have turkey baster children, because I just can’t see him getting off with anything less than five digits.
He needs “Me and Dupre” the Spitzer version. And maybe something freakier, just to remind him why he’s alive, like twin midgets in lace sporting fuck me pumps, xx or xy or maybe one of each. But just a little sumpin’ different. I really think that might help.
so wait now they’re too small to fail?
watch out – shart coming…
So wait Geitner is going to take money from peter (banks paying back the (TARP) to pay lil Paul (the lil banks)?
I know i heard this idea once before…i cant put my finger on it but i know it rhymes with Nernie Paidoff.
The little banks don’t need TARP. The community bankers association needs to tell timmay to GTFO.
and tim, I know you read DB, so let me remind you to just sit there and stay the F out of Ben’s way. You and I Treasury is in no position to fix this shit.
The little banks don’t need TARP. The community bankers association needs to tell timmay to GTFO.
and tim, I know you read DB, so let me remind you to just sit there and stay the F out of Ben’s way. You and I both know Treasury is in no position to fix this shit.
Anyone would think with all of Timmy’s fuck ups, that he wouldn’t double down on this bet.Me thinks that Timmy’s parents always told him he was super dooper special and would one day be a very important person.Little did they know.
From Wall St to Main St.